Saab to make electric cars under new owner

A Chinese-Japanese investment group has agreed to buy car manufacturer Saab and convert the bankrupt Swedish firm into a maker of electric cars.

13th June, 2012
Saab to make electric cars under new owner
Bankrupt Saab has been sold

A Chinese-Japanese investment group has agreed to buy car manufacturer Saab and convert the bankrupt Swedish firm into a maker of electric cars.

The first vehicle under the plan will be based on Saab’s 9-3 car and will go on sale early in 2014, with China as the main market, purchaser National Electric Vehicle Sweden and the bankruptcy administrators for Saab said today in a joint statement. The parties agreed not to disclose the price...

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